SeaCrest Wealth Management LLC Takes $90,000 Position in National Fuel Gas (NYSE:NFG)

SeaCrest Wealth Management LLC acquired a new stake in shares of National Fuel Gas (NYSE:NFGGet Rating) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,359 shares of the oil and gas producer’s stock, valued at approximately $90,000.

Several other hedge funds have also recently made changes to their positions in NFG. Kestra Advisory Services LLC purchased a new position in shares of National Fuel Gas during the first quarter valued at approximately $241,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in shares of National Fuel Gas during the first quarter valued at approximately $1,276,000. Comerica Bank raised its holdings in shares of National Fuel Gas by 2.6% during the first quarter. Comerica Bank now owns 42,311 shares of the oil and gas producer’s stock valued at $3,108,000 after purchasing an additional 1,072 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of National Fuel Gas by 25.0% during the first quarter. SG Americas Securities LLC now owns 12,049 shares of the oil and gas producer’s stock valued at $828,000 after purchasing an additional 2,408 shares during the last quarter. Finally, Signaturefd LLC raised its holdings in shares of National Fuel Gas by 48.8% during the first quarter. Signaturefd LLC now owns 1,686 shares of the oil and gas producer’s stock valued at $116,000 after purchasing an additional 553 shares during the last quarter. 74.44% of the stock is owned by hedge funds and other institutional investors.

National Fuel Gas Price Performance

NFG stock opened at $62.89 on Friday. National Fuel Gas has a one year low of $57.70 and a one year high of $75.97. The company’s fifty day moving average price is $65.40 and its 200-day moving average price is $68.16. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.35 and a current ratio of 0.39. The company has a market capitalization of $5.75 billion, a PE ratio of 10.24, a price-to-earnings-growth ratio of 1.05 and a beta of 0.74.

National Fuel Gas Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 14th. Stockholders of record on Friday, September 30th were issued a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 3.02%. The ex-dividend date was Thursday, September 29th. National Fuel Gas’s dividend payout ratio (DPR) is presently 30.94%.

Analysts Set New Price Targets

NFG has been the subject of several recent research reports. Scotiabank restated an “assumes” rating on shares of National Fuel Gas in a research report on Monday, July 25th. Raymond James cut their target price on shares of National Fuel Gas from $86.00 to $78.00 and set an “outperform” rating for the company in a research report on Monday, October 24th. Finally, StockNews.com began coverage on shares of National Fuel Gas in a research report on Wednesday, October 12th. They set a “hold” rating for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, National Fuel Gas has an average rating of “Hold” and an average price target of $68.00.

National Fuel Gas Profile

(Get Rating)

National Fuel Gas Company operates as a diversified energy company. It operates through four segments: Exploration and Production, Pipeline and Storage, Gathering, and Utility. The Exploration and Production segment explores for, develops, and produces natural gas and oil in California and in the Appalachian region of the United States.

Featured Stories

Institutional Ownership by Quarter for National Fuel Gas (NYSE:NFG)

Receive News & Ratings for National Fuel Gas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Fuel Gas and related companies with MarketBeat.com's FREE daily email newsletter.